This book covers the following topics:
Managerial Economics, Objectives Of The Business Firm, Fundamental Economic
Concepts, Law Of Demand, Demand Elasticity, Demand Forecasting, Consumer
Behaviour: Cardinal Analysis, Ordinal Analysis, Production Function,
Economies Of Scale, Cost Concepts, Price Determination: Perfect Competition
And Monopoly, Monopolistic Competition And Oligopoly, Dumping And Tranfer
Pricing, Business Cycles, Inflation, National Income and Monetary Policy.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.
The given link provides access to lecture notes for the
course Principles of Microeconomics offered by the Massachusetts Institute of
Technology (MIT) in the fall of 2018. The lecture notes cover a wide range of
topics in microeconomics, including supply and demand, consumer behavior, and
market equilibrium. The notes are authored by Professor Jonathan Gruber and are
designed to supplement his lectures. The notes include graphs, equations, and
real-world examples to illustrate key concepts. They are a useful resource for
students studying microeconomics or for anyone interested in understanding how
markets work.
Author(s): Prof. Jonathan Gruber, Massachusetts
Institute of Technology